The World Economic Forum's Centre for the New Economy and Society has released a quarterly briefing that summarizes the current economic environment and identifies priorities for action by policymakers and business leaders. The briefing builds on the latest policy developments, research, and consultations with leading Chief Economists from both the public and private sectors. The report highlights six expectations for the future of the economy, including higher inflation, lower real wages globally, food insecurity in developing economies, increased localization and diversification of supply chains, greater rollback of globalization in goods, labor, and technology, and the continued dominance of the US dollar as a global currency. The report also notes that sanctions have been effective in dampening the economic outlook for Russia.
